Jul 16 2019
The Federal Minimum Wage
Jul 16 2019
The Federal Minimum Wage
Jun 28 2019
Economic Update — June 28, 2019
Jun 21 2019
Economic Update — June 21, 2019
Apr 02 2019
Equal Pay Day 2019
There is a substantial difference between men’s and women’s earnings. The median woman (in the middle of the income range) working full time, year-round is paid just 80 cents for every dollar paid to the median man.
One way to express this disparity is to measure the number of extra days women must work to make up the difference from the previous year. This year, the typical woman must work an extra three months – until “Equal Pay Day” on April 2nd – to catch up. That means that the typical woman would have to work all of last year, plus January, February and March of this year, to make the same amount that the typical man made last year.
Read more about the gender pay gap, factors contributing to the gap, the broader impact and possible solutions.
Feb 22 2019
The Economic Impact of the Fashion Industry
Fashion is a highly sophisticated, $2.5 trillion global industry. In the United States alone, consumers spent nearly $380 billion on apparel and footwear in 2017. The industry, which encompasses everything from textile and apparel brands to wholesalers, importers and retailers, employs more than 1.8 million people in the United States.
When President Trump gives his State of the Union speech tonight, the strong U.S. economy will be a central theme. The President frequently claims credit, but in fact, he inherited a strong economy from President Obama, who helped pull the United States out of the worst recession since the Great Depression. He repeatedly has cited economic statistics that have been widely debunked, keeping legions of fact checkers fully employed. The following is a short economic guide to the President’s State of the Union address.
In the more than 50 years since Dr. Martin Luther King, Jr. laid out his dream for our nation, black Americans have made substantial economic progress. They have seen significant gains in incomes and wealth, and currently benefit from the decade-long economic recovery from the Great Recession. However, black Americans still lag far behind in key measures of economic well-being. Although progress is evident, the United States still falls short of Dr. King’s vision of a nation in which race does not determine one’s economic destiny.
